Price for Nickel; Wire, of Nickel Alloys in the United States - 2023
Contents:
- Price for Nickel; Wire, of Nickel Alloys in the United States (CIF) - 2022
- Price for Nickel; Wire, of Nickel Alloys in the United States (FOB) - 2022
- Imports of Nickel; Wire, of Nickel Alloys in the United States
- Exports of Nickel; Wire, of Nickel Alloys in the United States
Price for Nickel; Wire, of Nickel Alloys in the United States (CIF) - 2022
The average import price for nickel; wire, of nickel alloyses stood at $25,283 per ton in 2022, dropping by -2.9% against the previous year. In general, the import price continues to indicate a slight descent. The pace of growth was the most pronounced in 2018 when the average import price increased by 20% against the previous year. Over the period under review, average import prices attained the peak figure at $28,349 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($27,583 per ton), while the price for Taiwan (Chinese) ($12,300 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Wire, of Nickel Alloys in the United States (FOB) - 2022
The average export price for nickel; wire, of nickel alloyses stood at $46,825 per ton in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 13%. As a result, the export price reached the peak level of $47,103 per ton, leveling off in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($78,129 per ton), while the average price for exports to Mexico ($32,114 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nickel; Wire, of Nickel Alloys in the United States
In 2022, imports of nickel; wire, of nickel alloyses into the United States fell to 5.6K tons, shrinking by -9.1% on the year before. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 22%.
In value terms, nickel; wire, of nickel alloys imports dropped to $140M in 2022. Overall, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $159M, and then shrank in the following year.
| Import of Nickel; Wire, of Nickel Alloys in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 60.8 | 45.3 | 53.8 | 62.1 | 0.7% |
| Germany | 36.5 | 30.4 | 31.0 | 26.4 | -10.2% |
| Sweden | 27.7 | 21.2 | 40.1 | 24.1 | -4.5% |
| Austria | 3.1 | 2.1 | 3.3 | 4.0 | 8.9% |
| Italy | 0.2 | 2.2 | 2.4 | 3.4 | 157.1% |
| China | 3.6 | 1.7 | 2.2 | 2.7 | -9.1% |
| Others | 23.4 | 18.6 | 26.1 | 17.6 | -9.1% |
| Total | 155 | 122 | 159 | 140 | -3.3% |
Top Suppliers of Nickel; Wire, of Nickel Alloys to the United States in 2022:
- France (2478.8 tons)
- Sweden (1352.8 tons)
- Germany (958.9 tons)
- Italy (197.5 tons)
- Austria (167.0 tons)
- China (102.9 tons)
Exports of Nickel; Wire, of Nickel Alloys in the United States
In 2022, the amount of nickel; wire, of nickel alloyses exported from the United States reduced to 2.9K tons, waning by -8% against 2021 figures. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 6.5%.
In value terms, nickel; wire, of nickel alloys exports dropped to $134M in 2022. Overall, exports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2021 when exports increased by 21%. As a result, the exports reached the peak of $147M, and then shrank in the following year.
| Export of Nickel; Wire, of Nickel Alloys in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 30.4 | 31.3 | 37.9 | 29.0 | -1.6% |
| China | 14.4 | 14.7 | 24.0 | 21.9 | 15.0% |
| Costa Rica | 14.7 | 15.0 | 16.0 | 10.7 | -10.0% |
| Singapore | 6.3 | 4.3 | 8.6 | 8.4 | 10.1% |
| Canada | 6.2 | 4.5 | 6.9 | 7.5 | 6.6% |
| Germany | 6.8 | 6.1 | 5.3 | 6.3 | -2.5% |
| Ireland | 9.7 | 6.2 | 7.0 | 6.0 | -14.8% |
| France | 3.1 | 1.3 | 3.0 | 4.8 | 15.7% |
| India | 2.2 | 2.0 | 3.2 | 4.5 | 26.9% |
| United Kingdom | 10.2 | 4.5 | 2.7 | 3.8 | -28.0% |
| Hong Kong SAR | 5.6 | 6.1 | 5.5 | 3.8 | -12.1% |
| Brazil | 3.3 | 2.1 | 2.7 | 3.7 | 3.9% |
| Taiwan (Chinese) | 2.8 | 1.4 | 2.0 | 3.0 | 2.3% |
| Others | 27.9 | 22.0 | 21.8 | 20.8 | -9.3% |
| Total | 144 | 122 | 147 | 134 | -2.4% |
Top Export Markets for Nickel; Wire, of Nickel Alloys from the United States in 2022:
- Mexico (902.2 tons)
- China (357.8 tons)
- Canada (225.0 tons)
- Costa Rica (171.6 tons)
- Singapore (133.8 tons)
- Germany (125.1 tons)
- France (123.2 tons)
- India (115.2 tons)
- Ireland (88.4 tons)
- Brazil (85.2 tons)
- United Kingdom (76.5 tons)
- Taiwan (Chinese) (55.4 tons)
- Hong Kong SAR (48.4 tons)
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